Cannell & Spears LLC Purchases Shares of 81,606 Hasbro, Inc. $HAS

Cannell & Spears LLC purchased a new position in Hasbro, Inc. (NASDAQ:HAS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 81,606 shares of the company’s stock, valued at approximately $6,190,000. Cannell & Spears LLC owned 0.06% of Hasbro at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. TD Waterhouse Canada Inc. raised its holdings in Hasbro by 4,246.5% during the third quarter. TD Waterhouse Canada Inc. now owns 80,193 shares of the company’s stock valued at $6,040,000 after acquiring an additional 78,348 shares during the period. AGF Management Ltd. purchased a new position in shares of Hasbro in the third quarter valued at about $895,000. Prudential Financial Inc. boosted its stake in shares of Hasbro by 14.2% in the second quarter. Prudential Financial Inc. now owns 159,288 shares of the company’s stock worth $11,759,000 after acquiring an additional 19,752 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Hasbro by 34.0% in the third quarter. Principal Financial Group Inc. now owns 197,629 shares of the company’s stock worth $14,990,000 after acquiring an additional 50,189 shares during the period. Finally, Crossmark Global Holdings Inc. grew its position in shares of Hasbro by 186.4% during the third quarter. Crossmark Global Holdings Inc. now owns 23,395 shares of the company’s stock worth $1,775,000 after purchasing an additional 15,225 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors.

More Hasbro News

Here are the key news stories impacting Hasbro this week:

• Positive Sentiment: CEO pledge to avoid generative AI in Magic: The Gathering and Dungeons & Dragons preserves brand integrity and reduces risk of community backlash or IP/legal issues — a defensive move that may protect long-term franchise value. Hasbro’s CEO Says ‘Magic: The Gathering’ and ‘Dungeons & Dragons’ Will Never Use Generative AI
• Positive Sentiment: Product pipeline update: Hasbro revealed a new Transformers “Grimlock” Studio Series Titan-class figure — incremental merchandising and collector product news that supports toy/IP revenue streams. Transformers: Age of Extinction Grimlock Studio Series figure revealed by Hasbro
• Neutral Sentiment: Wells Fargo initiated coverage of HAS — initiations can move stock depending on the published rating and price target; investors should check the note for guidance. Wells Fargo & Company Initiates Coverage on Hasbro
• Neutral Sentiment: CEO’s public response to anti–Harry Potter activists signals management’s willingness to defend key franchises — relevant to brand reputation but unlikely to move fundamentals materially. Hasbro CEO tells anti-Harry Potter activists to kick rocks!
• Neutral Sentiment: Analyst commentary: recent write-ups note HAS is down since the earnings report — useful context for momentum traders but not a new company development. Hasbro (HAS) Down 11% Since Last Earnings Report
• Negative Sentiment: Pawtucket job fair signals uncertainty and potential layoffs tied to Hasbro’s departure — raises near-term restructuring risk, local costs and employee-impact headlines that can pressure sentiment. Pawtucket to hold job fair for Hasbro workers, despite not knowing how many jobs will be lost
• Negative Sentiment: Completed $400M senior notes offering increases net debt and leverage at a time when Hasbro already shows high debt-to-equity — could weigh on credit metrics, interest expense and investor risk premium. Hasbro Completes $400 Million Senior Notes Offering

Hasbro Stock Performance

NASDAQ HAS opened at $93.40 on Monday. The stock has a market capitalization of $13.14 billion, a PE ratio of -39.74 and a beta of 0.54. The business has a 50 day simple moving average of $94.03 and a two-hundred day simple moving average of $83.86. The company has a debt-to-equity ratio of 4.89, a current ratio of 1.38 and a quick ratio of 1.24. Hasbro, Inc. has a 1-year low of $49.00 and a 1-year high of $106.98.

Hasbro (NASDAQ:HAS) last released its quarterly earnings data on Tuesday, February 10th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.52. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.26 billion. Hasbro had a positive return on equity of 127.21% and a negative net margin of 6.86%.The company’s revenue was up 31.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. On average, research analysts predict that Hasbro, Inc. will post 4.33 EPS for the current fiscal year.

Hasbro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.0%. The ex-dividend date was Wednesday, February 18th. Hasbro’s payout ratio is currently -119.15%.

Insider Buying and Selling at Hasbro

In other Hasbro news, insider Timothy J. Kilpin sold 7,773 shares of Hasbro stock in a transaction on Friday, February 13th. The shares were sold at an average price of $103.00, for a total value of $800,619.00. Following the completion of the transaction, the insider directly owned 36,528 shares of the company’s stock, valued at $3,762,384. This trade represents a 17.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Tarrant L. Sibley sold 15,148 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $104.98, for a total transaction of $1,590,237.04. Following the completion of the sale, the executive vice president owned 50,174 shares in the company, valued at approximately $5,267,266.52. This trade represents a 23.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 413,342 shares of company stock worth $42,241,679 in the last ninety days. Company insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on HAS shares. Roth Mkm set a $120.00 price target on Hasbro in a report on Wednesday, February 11th. The Goldman Sachs Group increased their price objective on shares of Hasbro from $88.00 to $114.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Hasbro in a research report on Monday, December 29th. BNP Paribas Exane initiated coverage on shares of Hasbro in a report on Wednesday, February 25th. They issued an “outperform” rating and a $118.00 target price on the stock. Finally, Morgan Stanley raised their target price on shares of Hasbro from $103.00 to $119.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $113.07.

Hasbro Company Profile

Hasbro, Inc is a global play and entertainment company, known for designing, manufacturing and marketing a diverse portfolio of toys, games and consumer products. Founded in 1923 as Hassenfeld Brothers and headquartered in Pawtucket, Rhode Island, the company has grown into one of the foremost names in the toy industry, with a presence in retail, digital and entertainment channels worldwide.

The company’s brand portfolio features iconic properties such as Monopoly, Play-Doh, Nerf, My Little Pony and Transformers.